£177m in Losses, £342.5m in Debt: Report Warns English Rugby Model is “Broken Beyond Tinkering”

The financial sustainability of English professional rugby has been cast into further doubt with the publication of the second Leonard Curtis Rugby Finance Report. The in-depth analysis, which now covers a ten-year period from 2014/15 to 2023/24, reveals a league structure that is systemically loss-making and increasingly reliant on benefactor funding.